The details of the total amount spent on modernisation of defence forces during the last three years are as follows:
(Rs. in crore)
| Financial Year | Total allocation | Actual Expenditure on modernization |
| 2013-14 | 73,444.59 | 66,850.30 |
| 2014-15 | 75,148.03 | 65,862.38 |
| 2015-16 | 77,406.69 | 62,341.87 |
The budgetary provision of Rs.69,898.51.00 crores for the financial year 2016-17 made for the Defence Services Estimates is 27.45% less than the projected requirements (Rs.96,343.03) of the various Services / Departments. The funds allocated are adequate to meet the contractual commitments and some fresh modernisation schemes for the present. Additional requirement of funds as necessary will be projected depending on pace of utilisation of allocation, progress of ongoing and new modernisation schemes and other priority requirements.
Utilisation of Defence budget is monitored by means of financial compilation prepared by Controller General of Defence Accounts (CGDA) which captures the details of defence expenditure incurred all over the country. The progress of expenditure is reviewed periodically at various levels in the Ministry and Service Headquarters to identify any areas where expenditure may be lagging. This helps to identify and resolve any problems in implementation of planned activities.